It may sound like real estate industry hype: Owning a home is the best pathway to wealth. But recently published census data dramatically suggest history backs up the property game’s marketing theme. In December 2013, the most recent data on personal assets available, the median net worth of the U.S. homeowning household was 90 times bigger than a renter. Yes, NINETY TIMES. Or, to be precise: $199,557 vs. $2,208. Now, you may think this math is kind of obvious. Owners are typically an older, better-educated and more-established-in-their-careers slice of society. Other census stats show the typical owner in 2013 was 55 making $60,000 a year while the median renter was 40 earning $30,000. But the $197,349 owner-vs.-renter gap in net worth also could be used to argue that various government programs used to support homeownership — from government-backed lending programs to the mortgage-interest tax deduction — unfairly favor a wealthier class.
On June 5, 1968, Senator Robert F. Kennedy, a presidential candidate, is shot three times in a hail of gunfire at the Ambassador Hotel in Los Angeles. Five others were wounded. The senator had just completed a speech celebrating his victory in the California presidential primary. The shooter, Sirhan Sirhan was promptly arrested. Kennedy died on the morning of June 6. He was 42 years old. On June 8, Kennedy was buried at Arlington National Cemetery, also the final resting place of his assassinated older brother, President John F. Kennedy. This picture of Sen. Robert F. Kennedy talking to campaign workers in Los Angeles was made minutes before he was shot June 5, 1968. At his side are his wife, Ethel, and his California campaign manager, Jesse Unruh, speaker of the California Assembly. After making a short speech, Kennedy left the platform and was shot in an adjacent room. (AP
No workplace is perfect. The places you really want to be are, for the most part, the business that makes the fewest mistakes within their workplace culture. It’s not high pay or fancy perks or TVs and table tennis in breakrooms. It’s being treated like an important piece of the enterprise, no matter a worker’s standing in the corporate pecking order. Numerous workplace surveys identify the same employee gripes over and over again. Thus, you could argue the best workplaces are the ones that manage to avoid many of the common pitfalls made by the typical boss. To tip off the Register’s 10th annual Top Workplaces program, I reviewed numerous surveys of workplace characteristics that annoy employees and offer these 13 troublesome traits a great employer must minimize — if not totally avoid. 1. My bad boss The top reason people quit a job is they’re unhappy with their immediate supervisor.
With a surging economy and job growth at peak highs in recent years, Orange County companies have expanded their payrolls and paychecks. So, how does all that growth help foster a top workplace? Are employees valued? Promoted? Respected? Does an organization offer its associates the option of flexible schedules or provide opportunities to learn and grow? Do businesses take pride in setting high standards for efficiency or strong ethical values? To help us figure out who’s the best of the best, the Orange County Register launches its tenth annual Top Workplaces program today, June 4. Employees at Orange County-based companies with greater than 35 employees are encouraged to participate. The Top Workplaces program examines organizations with 35 or more workers. The survey in recent years expanded to include private, public, nonprofit and government organizations in the county. The company rankings are calculated by Workplace Dynamics based on responses from employees. Survey
At their very essence, commercial real estate values are the result of a price a buyer with reasonable motivation will pay and a seller is willing to accept. Easy enough. Let’s layer in some complexity, however, as the previous statements assume the buyer will actually write a check for the purchase. In reality, most buyers seek financing for their buy, which sets in place an approval process by a lender. Typically, lenders — short of Aunt Mabel who taps her trust fund for you — will require an appraisal, regardless of the size of the down payment. So if the buyer and seller agree to a price and the lender’s appraisal doesn’t conform, the transaction has an issue? Yes. Absent another buyer who is willing to assume the previous buyer’s price but without a lender, the seller must reduce his price and the buyer must inject additional cash to bridge